PUBLISHER: TechNavio | PRODUCT CODE: 1151660
PUBLISHER: TechNavio | PRODUCT CODE: 1151660
Technavio has been monitoring the factoring market and is poised to grow by $1720.41 bn from 2023-2027, accelerating at a CAGR of 7.54% during the forecast period. Our report on the factoring market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the growing need for alternative sources of financing for MSMEs, improved inventory management, and enhanced liquidity for efficient working capital management.
Technavio's factoring market is segmented as below:
By Type
By Application
By Geographical Landscape
This study identifies the advent of blockchain in factoring services as one of the prime reasons driving the factoring market growth during the next few years. Also, growing awareness about supply chain financing, including factoring and the growing adoption of digital platforms for factoring will lead to sizable demand in the market.
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading factoring market vendors that include ABS Global Factoring AG, American Receivable, Bluevine Inc., CapitalPlus Construction Services, CG24 Group AG, Charter Capital Holdings LP, Deutsche Leasing AG, eCapital Corp., Eurobank Ergasias SA, Factor Funding Co., FirstRand Ltd, HSBC Holdings Plc, Mizuho Financial Group Inc., New Century Financial Inc., PMFBancorp, Riviera Finance of Texas Inc., Societe Generale SA, The Southern Banc Co. Inc., Triumph Business Capital, and Universal Funding Corp. Also, the factoring market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
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